Swot Analysis : Southwest Airlines

3. Explain two methods that can be used in order to identify realistic estimations when developing a budget. [2.2]

project data from work breakdown structures and schedules" and comparing it to "topdown project goals." After this, the teams are to estimate investment risks

1. What is the estimated project completion date? (Assume there are no holidays and ignore the sunk cost of the planning team’s effort)

It’s been said many times; the numbers tell the truth. The question has also been asked, “how can you manage what you can’t measure”? Today, many project managers and organizational leaders realize the importance of tracking project performance and managing multiple teams. The project management institute has made project performance tracking simple, using a series of formulas as warning metrics. This writing assignment review and apply a few of these important performance metrics as we encounter challenges with the Pizza Delivered Quickly (PDQ) application.

(TCO B) You are the project manager for three projects. You are about to estimate costs for these three projects. Given the below information on each project, recommend an appropriate estimation method and justify your answer for each.

3. Explain two methods that can be used in order to identify realistic estimations when developing a budget. [2.2]

592 Week 1 DQ 1 WBS Construction PROJ 592 Week 1 DQ 2 Project Cost Estimates and Assumptions PROJ 592 Week 2 DQ 1 Cost Components PROJ 592 Week 2 DQ 2 Estimating Processes PROJ 592 Week 3 DQ 1 Project Schedules PROJ 592 Week 3 DQ 2 Sensitivity Analysis PROJ 592 Week 4 DQ 1 Resource Allocation and Leveling PROJ 592 Week 4 DQ 2 Advanced Schedule Techniques PROJ 592 Week 5 DQ 1 Earned Value Calculation PROJ 592 Week 5 DQ 2 Project Monitoring and Control & EV PROJ 592 Week 6 DQ 1 Forecasting Project Completion Cost PROJ 592 Week 6 DQ 2 Project Control PROJ 592

budget. As the project evolves, additional information is discovered and further estimates are produced. This is an extremely important process and we cannot emphasize enough the need for this re‐estimation or re‐budgeting process at each phase of the project. In any case, for the purpose of this article, we will call the revised budget the "actual budget." Another standard activity is to provide management with an expected cash flow. From a financial perspective this is an important activity, but it also can be used as your cost expectation.

I will use project scope, work breakdown structure, and AON to evaluate deliverables, set expectations, and estimate the completion date. From the case, we also learned that there are few deliverables new to the company; thus, I will use expert, Delphi, and wide-band Delphi to estimate the project task

Our estimates are carefully prepared and based upon the information you have provided us. These estimates are maximum quotes based upon DUCE’s information outlined in our proposal. However, creative or developmental projects often lead to altered objectives. If new information or instructions are received during the course of a project that will require more time or expenses than we have budgeted, we will inform you immediately and prepare a revised estimate in writing. At that time, we will require a signed approval from you in order to continue the project.

To formulate a strategy that will help Southwest Airlines maintain its competitive edge in the US airline industry.

The safest way to travel in the United States is through U.S. commercial airplanes. There are only .06 deaths per billion miles, which is tremendously better than cars and motorcycles who’s are 5.67 and 217 per billion miles (CNN 2015). Southwest Airlines is one of the major airlines in the US and the one of the world 's largest low-cost carrier. The airline was created by Herb Kelleher in 1967. Their headquarters are in Dallas, Texas. By using the PESTEL analysis, Value Chain Analysis, and the Return Of Sales (ROS), I will analyze Southwest. It will compare them to their competitors such as Jet Blue, Delta, and American Airlines.

US Airways completed a merger in December 2013 . This merger provided much needed cash infusion into American Airlines, enabling it to emergency from

Monitoring and control activities are essential components to effective project management (Chrissis, Konrad, & Shrum, 2011; PMI, 2013). The main purpose of monitoring and control activities are to having an understanding of project progress/performance against the agreed upon plan, identify potential risks, provide accurate forecasts, and to ensure corrective actions are taken when necessary (Chrissis et al., 2011; PMI, 2013). Successful cost and schedule control involves much more than merely monitoring project progress and costs, it involves thorough analysis of the data (Kerzner, 2013, p. 738). One of the most effective tools for performance measurement, monitoring, and control is earned value management (EVM); a powerful technique which employs quantitative data to objectively monitor and control project progress (De Marco & Narbaev, 2013).

This report was compiled by a team of professional project managers and gives an objective insight to the project in full.